The concerned research study is explored on Cost & Benefit Analysis (CBA) of government and private schools in Jaipur district. Eminent scholars have considered Education as a Tri-polar process. Any educational institution, whether private or government, whether under K-12 Level or Higher education level, involves number of ingredients –both human and non human. For making selection amongst these institutions for the purpose of receiving education various factors are to be taken into mind. Even factors involved can be tangible as well as intangible. Tangible factors involve human resources, teaching faculties, infrastructure, Lab Set ups, Conveyance, Hostels, Libraries and so on. On the other hand, intangible factor basically Goodwill and Prestige of educational institution, reserves for future growth requirements, plays an important role in selection of institute for receiving education. All the involved factors have some costs. One of the major issues creating rise to problem is about relevancy of fee charged by different educational institutions. Due to global economic trends and inflationary pressures, general price level of goods and services are being increasing. Many a times, it happens that increasing fees structures by various educational institutions gives rise to number of agitations, demonstrations on part of students. Moreover, numbers of teachers associations, on the other hand carry out various demonstrations for their demands. Looking at these problems, different states governments have even constituted Fee determination committees to fix up the fee levels particularly of schools. So, it creates a sufficient need to study whether fees charged by various educational institutions and fixation of statutory committees are relevant, with due regards to comparative cost - benefit analysis of Government and Private Educational Schools.